Intapp, Inc. (NASDAQ:INTA) Receives $60.64 Average Target Price from Analysts

Shares of Intapp, Inc. (NASDAQ:INTA) have received a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $60.64.

Several analysts have recently issued reports on the stock. Raymond James reissued a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. JPMorgan Chase & Co. raised their target price on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Truist Financial boosted their price target on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Stifel Nicolaus raised their target price on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, Piper Sandler restated an “overweight” rating and issued a $60.00 price target (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th.

Insider Buying and Selling at Intapp

In other news, CEO John T. Hall sold 44,009 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total value of $2,609,733.70. Following the completion of the sale, the chief executive officer now owns 5,093,692 shares in the company, valued at $302,055,935.60. This represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CMO Scott Fitzgerald sold 3,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $64.38, for a total transaction of $193,140.00. Following the transaction, the chief marketing officer now owns 39,212 shares of the company’s stock, valued at approximately $2,524,468.56. This trade represents a 7.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 387,624 shares of company stock worth $23,963,304 over the last 90 days. Insiders own 13.02% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. FMR LLC boosted its stake in shares of Intapp by 7.8% during the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after acquiring an additional 411,434 shares in the last quarter. Bamco Inc. NY lifted its holdings in shares of Intapp by 1.2% during the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock valued at $136,337,000 after purchasing an additional 34,409 shares during the last quarter. Praesidium Investment Management Company LLC boosted its position in shares of Intapp by 15.3% in the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after purchasing an additional 256,327 shares during the period. Loomis Sayles & Co. L P increased its stake in Intapp by 29.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after purchasing an additional 343,275 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Intapp by 9.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock worth $50,291,000 after buying an additional 95,035 shares during the period. Institutional investors own 89.96% of the company’s stock.

Intapp Stock Up 2.0 %

INTA stock opened at $63.34 on Tuesday. The firm has a 50-day simple moving average of $62.40 and a 200-day simple moving average of $49.18. Intapp has a 52 week low of $30.36 and a 52 week high of $71.34. The stock has a market capitalization of $4.90 billion, a P/E ratio of -218.41 and a beta of 0.73.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.08. The firm had revenue of $118.81 million for the quarter, compared to analysts’ expectations of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The company’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.20) EPS. On average, analysts expect that Intapp will post -0.14 earnings per share for the current year.

Intapp Company Profile

Intapp, Inc, through its subsidiary, Integration Appliance, Inc, provides industry-specific cloud-based software solutions for the professional and financial services industry in the United States, the United Kingdom, and internationally. Its solutions include DealCloud, a deal and relationship management solution that manages financial services firms' market relationships, prospective clients and investments, current engagements and deal processes, and operations and compliance activities; collaboration and content solutions, including Intapp documents, an engagement-centric document management system, and Intapp workspaces; risk and compliance management solutions, such as Intapp conflicts, Intapp intake, Intapp terms, Intapp walls, and Intapp employee compliance; and operational and financial management solutions comprising Intapp Billstream, a cloud-based automated proforma invoice solution, Intapp time, and Intapp terms.